Singapore Dollar Weakens Slightly Amid Uncertainty Over U.S.-Iran Talks — Market Talk

The Singapore dollar weakens slightly against its U.S. counterpart amid uncertainty over U.S.-Iran talks. Initial optimism over the negotiations has been tempered by Iran's insistence on keeping its enriched uranium stockpile, analysts of CIMB's Treasury and Markets Research say in a note. Also, "reports of Iran pursuing a toll framework to formalize control over the Strait of Hormuz added further geopolitical uncertainty," the analysts say. The U.S. dollar is 0.1% higher at 1.2787 Singapore dollars,